The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-23

problem OF cheap iron and successful
manufactures. The weakest part gives
away first This is the case with COM
petition. Ora. d Rivers is the strong.
est point In the United State. All
the laws which Congress can frame
cannot ipjure it; it will build up this
place only more rapidly. In hard
times manufacturers must cut down
wages, because the price OF transpor-
tation cannot be screwed down below
a living point for railroads. But
Grand Rivers has no fears. 1t will be
long time before it gets to its work.
ingmen, for it has the means OF dock
ing" nature herself. Language such
as this is not exaggerated. No state
ment Is made which is not patent to
the most iacredulous, the most un-
willing. Grand Rivers de6es anyone
to deny the existence OF the five rivers
mentioned, the nearnees OF the Gum
herland and Tennessee in Livingston
and Lyon counties, the guam
tity and quality OF the iron ore,
the limestone, the fiuor-epsr, the c.
ment gravel, the potters' clay, the
fiebrick clay, the timbsr and the az
rlcultural lands and the existence and
operation of the great Mississippi
Valley route, the Chesapeake, OHIO
and Southwestern railroad. As the
gentlemen referred to in the ooening
page said, this is truly an E dorado.
| Only Encouragement can prevent the
great success OF this enterprise. 30
patent are these advantages that as
vet no one has refused to take stock
in this enterprise who has been APP
: preached on the subject. AS yet no
printed matter has been issued in
reference to this scheme, and already
the Inquiries for stock have begun TO
pour in. Alta recent meeting of the
board of directors strong divergence
of opinion aross as to the amount of
stock to be placed on the market. So
rapid an enhanc sment OF the stock ia
expected that it was suggested to
place only a small qusntity on the
market. On the other hand, 1t was
urged that in order to have rapid
and complete success as many people
should be interested ss possible. How
this was arranged will be seen under
the head OF the subscriptions for
Sock"
NATURAL GAS.
Experts who are familiar with this
property say that no indication fails
which would show the exietence OF
natural gas. The line along which
have been discovered nearly all the
wells runs directly through this prop
.. erty. At q point about forty miles
l distant natural gas is now in use. As
: soon as the stock books are closed the
8 first expenditures will be for saw.
/. mill and for the necessary machinery
7 to bore for gas. II discovered, the
stock will 60 to par within the next
year.
+ THE CANAL.
Failing in finding natural gas, the
!, company will then secure the services
y OF q practical hydraulic engineer of
: national reputation to make estimates
for canal from the Cumberland to
the Tennessee river. From bridge
IS to bridge, as the railroad runs,
z the distance is two and halt
d miles. In straight line it is
d one mile and seven eighths. At
a some points the two rivers come
q within one mile Of each other. In an
n extreme case it is not likely that the
b canal will have to be built on lire
70 of greater distance than three miles
10 A fall OF fifteen feet in this distance
"a would give enough water power to run
D. more C cries than are now run BY
water power in the whole of New
England. The use of the undershot
y. wheel would render nearly every
81 linear f)ot available. The power could
is be increased by the building Of wing
Is dam. From rough estimates, based
VI O horseback survey of the general
p topography of the line along which
SO thu canal would probably be built, Il
q 81 is thought the cost will not exceed
Il 100000.
~ THE POLICY F THE COMPANY.
a The policy of this company will, b,
- liberal. The gentlemen who originated
60 the enterprise have such confidence il
So it that they look to the success of al
% for their own reward. After the com
So papy is set on foot, those who are nov
O2 working it up will have no NOR,
ddSS power and influence in directing it
IS affairs than those who buy it's stool
~ when the books are opened. But tn
SSSS general holding will be something o
We this nature: Manufacturers who re
y move 10 Grand Rivers with their plan
~ will be given a site on the canal o
~ the use of gas, If discovered, in return
- for stock in their company. All man
y. ufacturers who remove within Gel
.. -. tain number of year,, say five, will b
~ given the priv eye of selecting sue
II land as they may need, which will b
u c;,,o,, Tho fxnonta \
- erect iron furnaces itself, but wi
y" make liberal terms in regard to orr
site, brick for building, ETC., wit
others desiring to go into the sam
Ia business. All factories using iron an
1e steel will be especially ell couraged.
Dr. BRIGGS AND BUILDING MATERIAL.
70 The frat expenditure of the con
", pany will be for saw and planin
;ni mill. This will be run by the con
~, pany and will use lumber from th
a;s company's land. This will be turne
no out as fact as possible and sold
~ ~ parties who desire to build at Gran
VI Rivers for actual cost. This will
~, kept up until the town is well estal
~ ~ lished. The company will also put
y; 10 large part OF it's capital in brick, whiC
III will also be sold for actual cost. II
H to business part of the town will have
W be built of stone and brick and
ue covered with fire proof material.
Ia. THE FIRST BUILDING.
m After the sawmill and the mschinel
of for natural gas, which will also be us
re- ful in other ways, the first buildil
ke, will be erected this summer. This vi
an be a large hotel, which at frat will
ess used to accommodate visitors desiril
> 60 to inspect the cmopany's property al
gh for the use OF stockholders. IN
rse company will then erect such 9th
buildings as 1t may need for its oV
ect uses.
ma LAYING OFF TIE TOWN
sne The site of the town Of, Graz
I'll, uti Rivers will be about halt way betwe'
on o.; the two rivers, about three-quarte
WI | II l1Ak-ta okEat0hk Iii